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2006 (5) TMI 268 - ITAT MUMBAIExtract: .......to violation and penalties are imposed but these payments certainly do not fall in the rigorous provisions of the Act where this expenditure cannot be held to be disallowable. Therefore, we hold that this expenditure should be allowed to the assessee against the business income. 22. In the result, the appeal filed by the assessee is partly allowed.
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